Council of Arab Economic Unity (CAEU)

Conseil de l'unité économique arabe (CUEA)

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Contact Details

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History

3 June 1957, Cairo (Egypt), when Convention on establishment was adopted, under Economic Unity Agreement between States of League of Arab States (LAS). Agreement entered into force 30 May 1964, representing a multilateral framework for economic development on a regional basis. Agreement was ratified by 11 countries: Egypt; Jordan; Kuwait; Libyan AJ; Mauritania; Palestine; Somalia; Sudan; Syria AR; Yemen Democratic Republic; Republic of Yemen.

Aims

Promote trade among Arab countries; work to achieve full economic unity among member countries; ensure equal rights to member states and their citizens, according to founding agreement, of freedom of movement of individuals and capital, of exchange of domestic and foreign goods, of residence, work, employment and economic activities, of transport, transit and civil airports facilities and of ownership and inheritance.

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Activities

Arab Common Market (ACM), established 13 Aug 1964. The 'Common Market Accord', to which Egypt, Iraq, Jordan, Libyan AJ, Mauritania, Syrian AR and Yemen are parties, provides for increasing free mouvement of capital, goods and people among members and reduction of duties on goods and commodities. Although in practice all trade restrictions have not been abolished, customs duties, etc have been diminished. The following measures have been undertaken: flexible membership conditions for least developed countries and funds to compensate for losses on joining; approval of legal, technical and administrative procedures for common tariffs for goods imported from non-member countries; formation of a committee to deal with market rulings and promote activities. Five agreements have been established in the field of investment and mouvement of capital and an Arab Monetary Fund (AMF) was set up on 27 Apr 1976, Rabat (Morocco). Multilateral agreements have been initiated on: basic levels of social insurance; reciprocity in social insurance systems; labour mobility; organization of transit trade; avoidance of double taxation and elimination of tax evasion; cooperation in collection of taxes; capital investment and mobility; settlement of investment disputes. A number of Arab joint ventures and specialized unions in different fields of economic activity and a programme for the coordination of Arab Development Plans have been established. Joint companies and unions and federations coordinate efforts on international markets and encourage closer cooperation in production and marketing of agricultural, fishing, and industrial products and of transport and natural resources. Instrumental in setting up:

 • Arab Academy for Electronic Fields;

 • Arab Cooperative Union (UCA);

 • Arab Distributors' Union;

 • Arab Federation of Accountants and Auditor;

 • Arab Federation of Chambers of Shipping;

 • Arab Federation of Chemical and Petrochemical Industries (AFCPI);

 • Arab Federation for the Consumer (AFC);

 • Arab Federation for Engineering Industries (AFEI);

 • Arab Federation of Fish Producers (AFFP);

 • Arab Federation for Food Industries (AFFI);

 • Arab Federation of Leather Industries;

 • Arab Federation for Paper, Printing and Packaging Industries (AFPPPI);

 • Arab Federation of Shipping (AFS);

 • Arab Federation for Textile Industries;

 • Arab Federation of Tire and Rubber Industries;

 • Arab Federation for Wildlife Protection;

 • Arab Fertilizer Association (AFA);

 • Arab Importers and Experters Association;

 • Arab Investors Union (AIU);

 • Arab Iron and Steel Union (AISU);

 • Arab Paint and Coating Producers Association;

 • Arab Private Equity Association (APEA);

 • Arab Sea Ports Federation (ASPF);

 • Arab Society for Intellectual Property (ASIP);

 • Arab Tour Guides Federation;

 • Arab Union for Astronomy and Space Sciences (AUASS);

 • Arab Union for Cement and Building Materials (AUCBM);

 • Arab Union for Dealers in the Financial Markets;

 • Arab Union for Economy and Business Forum;

 • Arab Union of Information Technology;

 • Arab Union for International Exhibitions and Conferences;

 • Arab Union of Land Transport (AUOLT);

 • Arab Union of Manufacturers of Pharmaceuticals and Medical Appliances (AUPAM);

 • Arab Union for Providers of Internet and Communication Services;

 • Arab Union for Small Enterprises (AUSE);

 • Arab Women Investors Union (AWIU);

 • Federation of Arab Businessmen;

 • Federation of Arab Contractors (FAC);

 • General Arab Insurance Federation (GAIF);

 • General Federation for Plastic Producers and Manufacturers in the Arab World;

 • General Union of Arab Peasants and Agricultural Cooperatives (GUAAPC);

 • Inter-Arab Union of Hotels and Tourism.

Set up a 'WTO Unit', 2006, to enhance awareness in Arab countries about WTO agreements and their effects on their economies, assist Arab negotiators to participate effectively in the ongoing WTO negotiations and provide assistance to Arab countries acceding to WTO. Training and Research Centre, set up 2006, to assist member countries to understand and cope with increasing and speedy international economic developments through training programmes and facilities for research.

Structure

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Languages

Arabic.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 23 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 2 non-governmental organizations.
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Publications

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Information Services

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Members

Members in 9 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Trade
  • Government
    • Intergovernmental Communities
  • Economics
    • Economic
  • Vigilance
    • Unity

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

D0433

Last News Received

2. Nov 2014
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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